Ghanaian Nationals and Nigerian Accomplice to Face Trial Over Multi-Billion Naira Real Estate Fraud

This isn’t your average scam.

A billion-naira real estate empire. Faked Nigerian citizenship. Forged documents.

And a plot so bold, the Nigeria Police called it one of the most “sophisticated corporate frauds in recent history.”

The Nigerian Police have officially concluded investigations into a multi-billion naira corporate heist involving three Ghanaians and one Nigerian.

Their mission? Fraudulently seize control of Jonah Capital Nigeria Ltd and its ownership in Houses for Africa Nigeria Ltd and River Park Estate using fake identities, doctored CAC filings, and forged signatures.

Now they’re headed for prosecution and the business community is watching closely.

 Details That Matter

 The Suspects

Samuel Jonah, Kojo Ansah, Victor Quainoo (Ghanaians)

Abu Arome (Nigerian accomplice)

The Assets Involved

Jonah Capital Nigeria Ltd

Houses for Africa Nigeria Ltd

River Park Estate (a high-value estate in Abuja's real estate boom belt)

 How the Fraud Was Carried Out

Forged corporate documents

Falsified signatures

Fraudulent CAC filings claiming Nigerian citizenship

Attempted hostile takeover of company shares and control structures

 Police Statement

Force spokesman Muyiwa Adejobi described the scheme as a “calculated attempt to unlawfully assume ownership of high-value Nigerian assets under false pretense.”

 Why This Matters

 Corporate Due Diligence Alert: If these forged filings had succeeded, a multi-billion naira real estate empire could’ve changed hands illegally.

 International Implications: The involvement of Ghanaian nationals introduces potential diplomatic tensions and a need for cross-border fraud safeguards.

Rising Trend: As Nigerian real estate grows in value, more sophisticated fraud rings are targeting property companies via backdoor legal maneuvers.

If you’re a business owner in Nigeria, especially in real estate, check your CAC records and shareholder filings.

And if you believe your company structure is secure… this case should make you think again.